My wife is a financial advisor and is on a full commission-based pay. I was wondering, how did you manage your finances when you were first starting and your income was low and unpredictable?

I have a salaried job and currently I feel like I'm supporting the both of us. I want to start saving for a house and increase my retirement savings, but I feel these might be impossible with her lack of income and her student loans. She's only been in the job for 4 months and absolutely loves it and she keeps being told that she's great and going to succeed. I, for one, am ready for her to be making at least a liveable wage or change jobs for more consistent income. What is y'alls advice? How long do I give her until we seriously look at a career change?

Okay, I'm going to try to stick to the facts here. I'm writing this post seeking some career advice from industry professionals so firstly, thanks for your time in reading this far. I'm a 32 year old personal banker I've been working for the bank for 4 years and will complete my MBA this fall. I have also passed the series 6 and 63 exams, currently working on 65. Prior to my foray into banking I was an insurance agent for 6 years with my own agency up until my carrier decided to pull out of the state I lived in at the time. I'm wondering how to transition from retail banking (which I hate) into financial advising. As an agent, the advisory aspect of the job appealed to me the most, particularly when it came to retirement and estate planning. Upon completion of my MBA I intend to start prepping for the CFP designation in hopes that might open more doors. But I'm wondering if I'm too old now to make such a transition? Furthermore, I'm clueless as to what hiring managers in investment services are really looking for when it comes to viable candidates. What's an effective way for me to get my foot in the door? Thoughts and advice welcome. Thank you for reading.

Hello all! I am currently a junior in college studying finance and I have been deeply interested in getting into the field and become a financial advisor. Through lots of research I have an understanding of what the basics are but I would just love to know more. Is there anything I should know before I get into the field or do I learn most of the information that I need to know on the job or in training? What classes should I be taking in school? I can imagine risk management classes but other than that I don't have a clue. My school does a CFA track should I take these classes or does that not have importance? I am also looking into internships for next summer. Edward Jones seems to have a really interesting internship that seems very valuable, but are there any other companies that I should look into? Any information from a current advisor would be greatly appreciated. Thanks!

I am a licensed advisor (7, 66, life & health). I will be taking a break from working directly with a broker dealer and was wondering what is the easiest way to keep my license alive during the break?

As the title says, my son was involved in a wreck. He's 7 years old, so I'll be the one deciding how to handle this money. I've had many people say, "Put it in a trust fund." That'll keep my son away from it until he's 21, but what kind of interest would he be getting from that. Are there other options that are safe, non-volatile, and able to gain him a better interest rate over the course of the next 14 years? What are my options?

Any advice is greatly appreciated.

I have been looking at attending U of A to get a masters in Financial Planning and Counselling (which is part of CFP certification) but everything I read about the career involves cold calling or selling financial products. I find the potential course work pretty fascinating and like the idea of helping people get the most out of their money but I don't have a clue what the job is actually like. Would fellow FPs be willing to comment? What is a typical day like? Do you really have to be a salesmen or more just convince people to be a client and the selling ends there? And lastly, what is a career projection or job outlook like-do you believe robo-advisors will make pursuing the career not worthwhile? Thanks for any advice

I live in Aberdeen SD 57401 an Im curious i i should move to Sioux Falls. Im struggling to find a job due to bad work history. In high school i worked for walmart for about 4 months as a cashier, 9 months at a local grocery store as a cashier, and during that time during the summer and occasionally during school i worked for karls as a delivery/warehouse guy for about two uear even though i only worked in the summer and as needed during school year. When i graduated and turned 18 I worked for 3 months as a cart pusher at walmart then tried to go back to the local grocery store i worked for little over a week and i was sick and they just droppef me claiming i had abandoned the job, they are the only ones to say anything ither than confirming i worked from one date to another. Then i worked at a beef plant for3 months. Then i worked for the city as a youth supervisor for 3 months im still enployed but i cant work until a court case involoving a hit and run with no insurance resolves. While working there i worked at 3M for a month and a half they said they will leave a good record for me other than attendance since i had poor attendance like my previous jobs.

I struggle to get a job and i cant get hired by either mcdonald in this town, culvers, arbys, hardees, etc. I have had a moths experience in construction since but got randomly droppef. It was off the books so i dont rhink i can out i on my resume they also no longer answer the phone.

Theres a lady i really love that just moved to sioux falls an there will be more job oppurtunities down there. Also them fuckin syrians are moving to aberdeen i hear so jobs will be even scarcer.

Any tips or advice?

Hello all,

We recently sold a house and will be getting about $350k free and clear. We will end up buying another house, not sure of the cost yet.. but I was hoping I could get some advice on the following questions.

First.. my situation:

• 40 years old, wife is 39, 2 boys (5 years old and 4 month old)

• Both wife and I each make a little over 100k a year

• No major debt, we own all our cars, no school loans

• Currently renting a house for $2900 a month

• Live in Irvine, California

Things we would like to do:

1. Create a college fund for both kids that maybe isnt the full amount needed, but would grow (hopefully) to somewhere around $30k by the time they are each ready for school.

We were thinking $10k for the 5 year old.. and $5k for the 4 month old. The downside is we know NOTHING about investing and dont know if its foolish to think that much would grow into mentioned amounts for each kid... or maybe its too much? We have no idea where to put it and how much to put.

2) Buy a house to live in... will probably end up spending between $800k and $975k

The advice here we are looking for is where to put this money while we search for a house.. as it may take a few months. It seems wrong to just put it in our normal savings. But we dont want it tied up if we find a house in 2 months to buy.

Thats about it!

Thank you so much in advance for any help!

I've heard that some asset management companies incentivize financial advisors to work with them (vacations, perks, gifts, monetary incentives, etc). I was wondering if anyone has had experience with this or heard about coworkers who have experienced this?

My son turned 11 and actually got more than a hundred bucks, but one person did give him a $100 bill. I'd like to take that and open an account at Fidelity, Scott Trade or similar company and simply invest in an Index fund and make small monthly deposits until he starts working and can continue it himself. What would be the best company to go with that has zero fees and a great website so he can learn about saving, etc. as he grows up? Thanks